WHAT CAN I GET?

FAQs

What are bank guarantees for companies?

A guarantee is an arrangement by which the bank agrees to be answerable in complying with an obligation before a third party.

Having a guarantee issued by Santander in your favour will allow you to meet the requirements of the beneficiary, derived from a commercial relationship, such as renting a property or participating in bids, tenders and auctions.

Bank guarantees for companies issued by Banco Santander are characterised for being:

  • Solvent: they enjoy great prestige both in the national market and in the international market.
  • Digital: you can request national or international guarantees, in hard copy or digital, 100% online through your online banking.
  • Agile: we have advanced technology to be able to issue the guarantees in the shortest possible time.

How to arrange cover

For further information and arranging one of our bank guarantees for companies you can go to your nearest branch.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

FAQs

Which are the figures involved in a guarantee? Icon / PlusCreated with Sketch.Icon / minusCreated with Sketch.

  • Guarantor: in this case, Banco Santander, the issuer of the guarantee and obliged to pay in the case of non-compliance by the guaranteed party of the obligations.
  • Guaranteed Party: the customer requesting the guarantee.
  • Beneficiary: third party in favour of whom the guarantee is issued, this can be a person or a company.

What is the term of a bank guarantee for companies? Icon / PlusCreated with Sketch.Icon / minusCreated with Sketch.

Guarantees, depending on their term, can be of two types: indefinite guarantees with indefinite maturity (without expiration) and guarantees with a specific maturity date.

Can you use predefined texts or in-house models? Icon / PlusCreated with Sketch.Icon / minusCreated with Sketch.

Yes, customers can use their own guarantee models, subject to review by our legal department.

What are the fees for a guarantee? Icon / PlusCreated with Sketch.Icon / minusCreated with Sketch.

  • Study: this is a percentage of the requested amount, and is charged at the time of arrangement.
  • Arrangement: this is a percentage of the amount of the guarantee and is charged at the time of arrangement.
  • Risk: this is also set as a percentage of the amount guaranteed, and is charged periodically until its cancellation.

How do digital guarantees work? Icon / PlusCreated with Sketch.Icon / minusCreated with Sketch.

  • Go directly to Banco Santander Online Banking > Financing and Guarantees > Guarantees > Request
  • Request any national or international guarantee for any type of recipient in the private or public sector.
  • Choose what guarantee you need. We can suggest some predefined copy or, if you rather, attach your own forms.
  • The Fábrica Nacional de Moneda y Timbre acts as the guarantor for your guarantees.

What are the benefits of Banco Santander digital guarantees? Icon / PlusCreated with Sketch.Icon / minusCreated with Sketch.

  • Your guarantees are 100% digital. We're getting rid of paper.
  • You can see the status of your guarantees online.
  • You will save time on arranging the guarantee.

How can you submit the guarantees to companies? Icon / PlusCreated with Sketch.Icon / minusCreated with Sketch.

  • Digital: the Fábrica Nacional de Moneda y Timbre keeps, verifies and reports the issue of the digital guarantee.
  • Paper: by delivery of the guarantee to a Banco Santander branch.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

FAQs

    Which are the figures involved in a guarantee?

Bank guarantees for companies

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